The Franchising World - september - October 2024

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Fastest Growing Franchises fuelling the Franchise Ecosystem In this issue, we present to you the 25+ Fastest Growing Franchises featured in the ensuing articles and interviews. These brands are a collection of established and budding franchises that are not only setting records for growth but are also playing a pivotal role in advancing the franchise ecosystem. These franchises span a variety of industries, from quick commerce and the jewelry industry to footwear and food services, illustrating how diverse sectors are thriving in today’s marketplace. What makes this issue stand out is the collective impact these franchises have on the broader business landscape. Each franchise brand represents a story of resilience, innovation, and adaptability, offering crucial lessons for aspiring franchise owners and established brands alike.
Especially franchises in quick commerce are transforming how consumers shop for everyday essentials. Quick commerce brands like Blinkit, Zepto, Swiggy’s Instamart and many others have up the scalability quotient of the dark store franchising in India. The market is projected to touch $5.5 billion by 2025, growing at a robust compound annual growth rate (CAGR) of 27.9% between FY22 and FY27. Blinkit’s revenue increased significantly by 22% quarter-on-quarter, reaching Rs 942 crore. We have featured a detailed study on how these brands have achieved impressive financial performance in the first quarter of the fiscal year 2025.